What does this mean for Minneapolis and St. Paul real estate investors? You can start buying up some more property, right? Not so fast though, heavy revisions have been put into place because a lot of real estate investors that bought property over the past few years have had a lot of real esate go belly up.

Now savvy Twin Cities real estate investors can put a dent into some inventory after sitting back for the past year. It’s good for the local market because experienced real estate investors can now purchase more property than what they currently have.

Must Have Qualifications

• FICO Credit Score of 720+
• High Reserve Requirements (vary per block of units owned)
• 75% LTV (Loan to Value Ratio) or 25% down
• No history of bankruptcy or foreclosure within the last 7 years
• If investor is already over the 4 properties, refi LTV is 70%
• No delinquencies by the borrower on any loan within the past 12 months

Will definitely be interesting to see how this guideline change helps down the road, will it play a quiet role in the market or will it be noticed